The Richards Irrigation Company (EIN 900443696) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1907

Legal Domicile

Principal Officer

Michael Tea

Phone

8014552071

Tax Period

2025-01-01 to 2025-12-31

The Richards Irrigation Company, founded in 1907, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $109K in total revenue in fiscal year 2025. The organization ran a surplus of $17K, a strong 15% operating margin.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $108,535

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,201

Fundraising Expenses $0

Other Expenses $25,820

TOTAL EXPENSES $92,021

Year-over-Year Comparison

	2025	2024	Change
Revenue	$108,535	$107,160	+0.0%
Expenses	$92,021	$150,074	-0.4%
Net Income	$16,514	$-42,914	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$60,900

Total Directors

$61,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Tea	Treasurer	20.00	Officer Director	$50,000	$0	$50,000
Howard Norton	President	5.00	Officer Director	$5,500	$0	$5,500
Aaron Tea	Vice President	4.00	Officer Director	$5,400	$0	$5,400
Victor Erickson	Director	0.00	Director	$400	$0	$400
Doug Terry	Director	0.00	Director	$400	$0	$400
Todd Gee	Director	0.00	Director	$0	$0	$0
Craig Johnson	Director	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$108,535	$92,021	$174,575	$16,514
2024	$107,160	$150,074	$161,061	$-42,914
2023	$237,209	$48,382	$203,554	$188,827

The Richards Irrigation Company